Quote:
Originally Posted by stumped
bear in mind also, that Amazon, like many multinationals are structured so that they make no, or very little profit in the Uk. no profit - no tax , so probably no VAT.
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This is just wrong. VAT bill due from amy business is precisely the difference between the amount of VAT collected from sales, and the amount of VAT paid out in purchases. It has nothing to do with corporation tax, which is a tax on profits.